Maple Leaf Short Duration 2014-II Flow-Through Limited Partnership

NATIONAL CLASS | OFFERING MEMORANDUM

Maple
Leaf Short Duration 2014-II Flow-Through Limited Partnership - National Class (the “Partnership”) has completed a transaction (“Liquidity
Transaction”) on September 30, 2015 to which the assets of the Partnership (the “Assets”) transferred to the Maple Leaf Resource Class mutual fund (the “Mutual Fund” and or “CDO100”) of Maple Leaf Corporate Funds Ltd., an open-ended mutual fund corporation, in exchange for Resource Class - Series A shares of the Mutual Fund.

(1) To determine the number of Maple
Leaf Resource Class (CDO100) shares received after the rollover,
multiply your number of Limited Partnership units by the conversion
factor.

(2) After-tax return is after capital gains tax has been paid on divestiture and is based on at-risk capital. At-risk capital is after tax savings from tax credits, CEE, CDE and other operating deductions.

(3) Tax savings are calculated by multiplying the total estimated income tax deductions for each year by the assumed marginal tax rate of 45% for that year.

Mutual Fund Details

MAPLE LEAF RESOURCE CLASS

RESOURCE CLASS FUND CODE:

CDO100

NAV PER SHARE AT ROLLOVER:

$3.71569

3.71569#sthash.wHRq8C8T.dpuf

ACB PER SHARE AT ROLLOVER:

$2.87578 (4)

(4) When
you sell any shares of Maple Leaf Resource Class (CDO100) you need to
know the adjusted cost base (ACB) per share to determine capital gains
or losses for tax reporting.

Additional information about the Mutual Fund is available on the Maple Leaf Resource Class Fund Profile page which includes the Mutual Fund’s Simplified Prospectus, Annual Information Form, Quarterly Summaries of Investment Portfolio and more.

FundGrade A+® Recipient

Maple Leaf Income Class (CDO 102) is managed by Jim Huang, T.I.P. Wealth Manager Inc. and is proud to be recognized by Fundata Canada and has been awarded the rating FundGrade A+® for its outstanding performance among Canadian investment funds for the 2017 year.

Commissions, trailing commissions, management fees and expenses all may be associated
with mutual funds, alternative investments and structured product investments. It
is important to read the prospectus, simplified prospectus, offering memorandum
or information statement (as applicable) before considering any investment. Mutual
funds, alternative investments and structured products are not guaranteed, their
values change frequently and past performance may not be repeated.